-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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“Murphy made it sound as though Toledo had been holding a gun the moment the officer fired, when, in fact, Toledo had apparently discarded his gun a fraction of a second earlier.”
Fact: Toledo had been holding a gun in the milliseconds before he was shot. He had also been at the scene while the gun was fired at a vehicle. And he also was running with the gun.
Zorn even admits it was a legally inconsequential detail. But he still make a huge deal out of it.